Nerdy Inc’s recently made public that its Chief Executive Officer Cohn Charles K. acquired Company’s shares for reported $0.66 million on Dec 05 ’24. In the deal valued at $1.54 per share,426,758 shares were bought. As a result of this transaction, Cohn Charles K. now holds 25,509,191 shares worth roughly $41.84 million.
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Then, Blunt Abigail bought 33,055 shares, generating $48,591 in total proceeds. Upon buying the shares at $1.47, the Director now owns 174,100 shares.
Before that, Cohn Charles K. bought 39,629 shares. Nerdy Inc shares valued at $59,840 were divested by the Chief Executive Officer at a price of $1.51 per share. As a result of the transaction, Cohn Charles K. now holds 550,333 shares, worth roughly $0.9 million.
JP Morgan downgraded its Nerdy Inc [NRDY] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in early November from “a Mkt outperform” to “a Mkt perform”. Cantor Fitzgerald also remained covering NRDY and has decreased its forecast on November 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Raymond James revised its rating on August 09, 2024. It rated NRDY as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of NRDY
On Monday, Nerdy Inc [NYSE:NRDY] saw its stock jump 1.86% to $1.64. Over the last five days, the stock has gained 7.19%. Nerdy Inc shares have fallen nearly -52.19% since the year began. Nevertheless, the stocks have fallen -44.22% over the past one year. While a 52-week high of $3.60 was reached on 02/12/24, a 52-week low of $0.73 was recorded on 08/12/24. SMA at 50 days reached $1.0972, while 200 days put it at $1.7211.
Levels Of Support And Resistance For NRDY Stock
The 24-hour chart illustrates a support level at 1.5467, which if violated will result in even more drops to 1.4533. On the upside, there is a resistance level at 1.8267. A further resistance level may holdings at 2.0133. The Relative Strength Index (RSI) on the 14-day chart is 73.50, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1429, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.77%. Stochastics %K at 80.17% indicates the stock is a selling.
How much short interest is there in Nerdy Inc?
A steep rise in short interest was recorded in Nerdy Inc stocks on 2024-11-15, dropping by -1.43 million shares to a total of 4.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.18 million shares. There was a decline of -30.04%, which implies that there is a negative sentiment for the stock.
